Today we will analyze the stock YONG SHUN CHEMICAL TWD10 (4711.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in YONG SHUN CHEMICAL TWD10 (4711.TWO)
1- Last bearish trend was from 16.35 $ (1/16/2014) to 15.65 $ (2/5/2014) a 0.70 $ move 2- The current bullish trend started from 15.65 $ at 2/5/2014 and is currently trading at 16.20 $.
3- 4711.TWO current support level is at 16.08 which is the 61.80 % fibonacci retracement of the last 0.70 $ move.
4- 4711.TWO current resistance level is at 16.35 which is the 100.00 % fibonacci retracement of the last 0.70 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
YONG SHUN CHEMICAL TWD10 (4711.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 15.650 and 15.150,resistance between 16.350 and 15.950, the stock channel is currently supported from below by 16.009 and resisted from above by 16.827.
YONG SHUN CHEMICAL TWD10 (4711.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 21.050 and 21.310, and is currently resisting at 19.390.
YONG SHUN CHEMICAL TWD10 (4711.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 21.050 and 21.310, and is currently resisting at 19.390.

Stock Trading Conclusion:
YONG SHUN CHEMICAL TWD10 (4711.TWO) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 16.35, 16.54, 16.78, 19.39,.
Stock Support levels : 16.08, 16.07, 16.00, 15.99, 15.93, 15.92, 15.86, 15.82, 15.65,.